The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics. There’s no doubt […]

If you’re a governor with presidential aspirations, you should never, under any circumstances, pardon a convict or reduce a sentence. That’s the lesson everyone seems to have drawn from the dreadful case of Maurice Clemmons, an Arkansas native who murdered four Lakewood, Wash., police officers over Thanksgiving weekend — nine years after Mike Huckabee, then […]